American Bitcoin Corp. (NASDAQ:ABTC - Get Free Report) was the recipient of some unusual options trading on Wednesday. Traders bought 46,216 call options on the stock. This is an increase of approximately 821% compared to the typical daily volume of 5,017 call options.
American Bitcoin Stock Performance
Shares of ABTC stock traded up $0.32 during mid-day trading on Wednesday, hitting $7.06. 4,944,104 shares of the stock were exchanged, compared to its average volume of 2,436,013. The stock's fifty day simple moving average is $6.74 and its two-hundred day simple moving average is $4.68. The stock has a market capitalization of $116.91 million, a price-to-earnings ratio of -5.88 and a beta of 4.02. American Bitcoin has a 12-month low of $0.63 and a 12-month high of $14.65.
American Bitcoin (NASDAQ:ABTC - Get Free Report) last issued its quarterly earnings data on Thursday, August 14th. The company reported ($0.35) earnings per share (EPS) for the quarter. The business had revenue of $1.38 million during the quarter. On average, research analysts expect that American Bitcoin will post -0.76 earnings per share for the current fiscal year.
Institutional Investors Weigh In On American Bitcoin
A number of institutional investors have recently added to or reduced their stakes in ABTC. Murchinson Ltd. boosted its holdings in American Bitcoin by 271.4% in the 1st quarter. Murchinson Ltd. now owns 2,403,988 shares of the company's stock valued at $409,000 after purchasing an additional 1,756,649 shares in the last quarter. Vident Advisory LLC acquired a new stake in shares of American Bitcoin during the 2nd quarter valued at approximately $965,000. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of American Bitcoin during the 1st quarter valued at approximately $66,000. HUB Investment Partners LLC acquired a new stake in shares of American Bitcoin during the 2nd quarter valued at approximately $114,000. Finally, Moore Capital Management LP acquired a new stake in shares of American Bitcoin during the 2nd quarter valued at approximately $88,000. Hedge funds and other institutional investors own 10.21% of the company's stock.
About American Bitcoin
(
Get Free Report)
Gryphon Digital Mining is an innovative venture in the bitcoin space. Gryphon Digital Mining, formerly known as Akerna Corp., is based in DENVER.
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